TIAA Global Business Services India appoints Oindrila Majumdar as new CEO

Jayant Patwardhan to become Government Chairman

MUMBAI, India, Sept. 21, 2022 /PRNewswire/ — TIAA Global Business Services (GBS) India, the World Capacity Middle of TIAA, a primary supplier of safe retirements and result-concentrated financial commitment options to millions of individuals and hundreds of establishments, appointed Oindrila Majumdar as the new Chief Government Officer, efficient Monday, Oct. 3. She will report to Sastry Durvasula, Chief Data and Customer Providers Officer at TIAA.

TIAA is accelerating its technique to guide in life span earnings, delight its clientele and improve how the organization operates, with digital-initial, cloud-initial and business-vast shared expert services. Considering the fact that its inception six a long time in the past, TIAA GBS India has played a vital role inside of the broader TIAA group and has shipped extraordinary functionality with optimum amount of operational excellence. With over 2,700 associates centered in Mumbai and Pune, TIAA’s India arm proceeds to enjoy an integral aspect of the international capabilities strategy as they create technological innovation, consumer products and services and business-large shared companies throughout the corporations and corporate functions. This contains the modern new office environment opening in Mumbai and prepared growth of the Pune campuses.

Majumdar joined TIAA GBS India in 2018 and considering that then, has played an instrumental function in foremost key shopper services and technological know-how roles throughout Retirement Expert services and Nuveen Asset Management businesses. She has been serving as the campus head in Pune and chairing TIAA GBS India’s corporate social responsibility working committee to provide influence in the local communities. She brings more than 25 decades of practical experience, operating at businesses which includes Deutsche Bank, the place she put in 10+ many years in leadership roles, Fidelity Investments and Typical Chartered Bank.

“Throughout my time at TIAA GBS India, I have been humbled by the commitment of our associates and their passion for serving to purchasers reach their goals,” said Oindrila. “I am fired up to operate with my colleagues across the world to keep on to supply excellence and advance our expertise pipeline for the long run.”

Previous CEO Jayant Patwardhan will come to be the Government Chairman of TIAA GBS India. Due to the fact joining the firm in 2016, he served grow it from a a few-member staff to a absolutely staffed functionality heart. His empathetic and decisive management was vital in navigating the pandemic and TIAA GBS India gained the “Excellent Places To Perform” recognition by GPTW this calendar year.

“It truly is an exciting time at TIAA,” stated Sastry Durvasula, Main Info and Customer Solutions Officer. “Jayant has designed a robust basis for the future and I am self-confident of Oindrila’s leadership, clarity of intent and power in taking TIAA GBS India into the future section of strategic progress and elevated worldwide abilities.”

About TIAA GBS India:

TIAA International Small business Solutions (GBS) India provides higher-high quality global technology, functions and shared solutions to TIAA’s firms and associates. Associates at TIAA GBS India perform closely with colleagues in the U.S. and all over the environment to meet up with the wants of its ever-growing shopper foundation.

About TIAA

TIAA is a major service provider of protected retirements and consequence-focused expense options to tens of millions of people today and hundreds of institutions. It is the #1 not-for-earnings retirement market place service provider1, compensated extra than $6.4 billion in life time revenue to retired clients in 2021 and has $1.2 trillion in assets less than management (as of 6/30/2022)2.

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  1. As of July 21, 2022. Based on information in PLANSPONSOR’s 403(b) 2022 DC Recordkeeping Study, merged 457 and 403(b) information.
  2. As of June 30, 2022 assets under management throughout Nuveen Investments affiliate marketers and TIAA investment administration groups are $1,222 billion.

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